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Apr 24, 2013
04/13
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. >> the faa chief under fire for flyers getting hot under the collar. welcome, i'm neil cavuto, and to hear some republicans tell us, the sequestration blame doesn't fly. airlines are now complaining. chicago o'hare on the big frustration and still the big wait, huh? >> nationwide, 2,623 flights delayed so far today. that's according to the flight tracking service flight aware. while many of those were due to weather, the majority of them are considered to be fallout from the sequestration cuts. this morning 45 minute delays in los angeles. 30 minutes in chicago. you can see we're in a afternoon lull but we spoke to passengers flying across the country and experiencing setbacks firsthand. >> you have a schedule you have to keep on, get your connecting flight. i think it's rotten we're paying for the sequester. >> it's an inappropriate area to cut. travel is extremely important to the american economy on multiple levels and time is money. >> i'm worried about the amount of travel i have to do and delays and having to plan ahead for delays. so we'll have
. >> the faa chief under fire for flyers getting hot under the collar. welcome, i'm neil cavuto, and to hear some republicans tell us, the sequestration blame doesn't fly. airlines are now complaining. chicago o'hare on the big frustration and still the big wait, huh? >> nationwide, 2,623 flights delayed so far today. that's according to the flight tracking service flight aware. while many of those were due to weather, the majority of them are considered to be fallout from the...
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Apr 23, 2013
04/13
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neil: faa has a higher budget this year than last year, i having said that, what is in it for them, if you think about. everything i think trickles down to the president good or bad. >> a few months they played the hand it was a disaster, they walked it back, they saw of it not a disaster we just slowing increase in spending. neil: your facts are dead obut these cuts would be rolled in this is latest more come ing on the travelling, you say it is a nightmare because there are fewer planes and stuff to the gill. >> yes, you have 4 airlines controlling 85% of domestic flights, people saying that airfares are not going up are crazy, they are going up, they have been rising it will be a very expensive summer to travel, and chuck schumer saying it will be like flying in a blizzard, these are the conditions, if he is talking about a blizzard because of the sequester cuts, what is going to happen to travelers, they will think twice about travelling, 1.7 million people jammed and the planes this summer maybe they will think twice about going, then what is the economic impact on that? it affect
neil: faa has a higher budget this year than last year, i having said that, what is in it for them, if you think about. everything i think trickles down to the president good or bad. >> a few months they played the hand it was a disaster, they walked it back, they saw of it not a disaster we just slowing increase in spending. neil: your facts are dead obut these cuts would be rolled in this is latest more come ing on the travelling, you say it is a nightmare because there are fewer planes...
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Apr 24, 2013
04/13
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FBC
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neil: a republican senator and a democratic senator have the same question for the faa, if our budget is bigger, why are the delays getting longer, they want to know if you cut, why controllers and towers at the top of the list. not ought of the other stuff under -- not all other stuff under. senator, quickly garnering a lot of support for what he is calls protect our skies act. you want to know, look, we understand the sequestration cuts but we question why these cuts? >> absolutely. no business person would make the choice to cut things that effect their customers the most. why does government make that decision unless there is some motivation to get the consequences to be as dramatic and difficult as possible. neil: they say they have no choice. i don't know who is telling trulgingtruth, i have looked in, they say with these cuts they are almost preordained, these are cuts to some everyone agreed. i don't remember talking to a losalot of your colleagues at te time that sequestration would include automatically air traffic controllers, maybe i missed something? >> absolutely not the
neil: a republican senator and a democratic senator have the same question for the faa, if our budget is bigger, why are the delays getting longer, they want to know if you cut, why controllers and towers at the top of the list. not ought of the other stuff under -- not all other stuff under. senator, quickly garnering a lot of support for what he is calls protect our skies act. you want to know, look, we understand the sequestration cuts but we question why these cuts? >> absolutely. no...
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Apr 24, 2013
04/13
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the faa and administration says the law does not give them that authority. so they're continuing to go around on that point and may take congress to change the law to get any movement here on this what the top democrat in the senate is proposing is using what is known as overseas contingency operation money, oco money, basically money we're not going to spend in iraq and afghanistan from winding wars down there. republicans call it a budget trick. the white house is endorsing it. >> these are real policy choices that produce savings. we believe that senator reid's proposal is a good one in that it would temporarily delay the sequester and all the negative effects that we're talking about now to air travelers and families and seniors. >> whether oco is the mother of all gimmicks or just a glaring one, everybody other than the majority leader evidently agrees on one thing it is the height, the height of fiscal irresponsibility. >> other democrats are suggesting closing what is known as the corporate jet tax loophole to pay for the air traffic controllers. ther
the faa and administration says the law does not give them that authority. so they're continuing to go around on that point and may take congress to change the law to get any movement here on this what the top democrat in the senate is proposing is using what is known as overseas contingency operation money, oco money, basically money we're not going to spend in iraq and afghanistan from winding wars down there. republicans call it a budget trick. the white house is endorsing it. >> these...
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Apr 23, 2013
04/13
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the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican bill that specifically gave him flexibility? why did he reject the opportunity to emplo and void inflicting pain? he wants air travelers to blame republicans. as you sit on the tarmac, you're being urged to write to congress. administration is using the heavily regulated airlines to channel your anger. it hurts them, so blame the republicans, not me. i don't think it is going to work. we can see through this ploy and don't we deserve better management than this? i'm going to try to remember the last time a president deliberately hurt the pres
the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican...
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Apr 22, 2013
04/13
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dennis: the faa. melissa and lori investigate the agency backpedals on the so cluster cuts that are supposedly delaying flights. cheryl: sending his root growth. bernanke missing the big jackson hall meeting. that is coming up next. you are watching markets now. ♪ g. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to seah hundreds of cards and apply online. creditcards.com.
dennis: the faa. melissa and lori investigate the agency backpedals on the so cluster cuts that are supposedly delaying flights. cheryl: sending his root growth. bernanke missing the big jackson hall meeting. that is coming up next. you are watching markets now. ♪ g. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to seah hundreds of cards and apply online. creditcards.com.
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Apr 18, 2013
04/13
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>> the faa will not get egg on their face again. they'll look at every t, every i, every period on these documents to make sure it gets in the sky. they approved it, up approved it, and they will not get in that situation again. dagen: what do you think it could happen? based on the air carriers themselves that already own the jets, they were anticipating next month. what do you think the faa will give them the go ahead to fly the babies again? >> well, united's already planning to have it in service may 31, looking at mid-may at the latest. right now, it's a paperwork chase, a fix found, and now looking to get it into place, update, and make sure it works. dagen: criticism of the faa, however, of relying too heavily on boeing, the company employees there for the testing of the fix. what position, how flood watch informed are the people at the faa about what's going on? is the agency keeping up with these technological advancements in aviation? >> well, you know, they can't keep up with all the various nuances and details of every n
>> the faa will not get egg on their face again. they'll look at every t, every i, every period on these documents to make sure it gets in the sky. they approved it, up approved it, and they will not get in that situation again. dagen: what do you think it could happen? based on the air carriers themselves that already own the jets, they were anticipating next month. what do you think the faa will give them the go ahead to fly the babies again? >> well, united's already planning to...
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Apr 23, 2013
04/13
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the faa is in some ways caught between a rock and our place. let's see. i think they're making the kind of management decisions that will have modest, if any, affect on the traffic system. melissa: we will see. thank you for coming on. >> of come back if it does not work out that way. [laughter] melissa: okay. you're a brave man. i like that. time to check the fuel gauge report. halliburton says this is setting aside an additional $1 billion to pay private claims from the 2010 deep water horizon rig explosion. in an earnings policy the company said the increased reserve caused a first quarter loss of $18 million. $0.2 per share compared with a profit of 627 million or $0.68 per share from a year ago. the good news on gas price, the average price of a gallon of regular has dropped $0.11 in the past few weeks. experts say the prices could go down another $0.20 in the next two months. that is the exact opposite of what we were used to seeing as prices generally go up at this time of year. good news. the cheaper gas could hit. toyota says sales of the previou
the faa is in some ways caught between a rock and our place. let's see. i think they're making the kind of management decisions that will have modest, if any, affect on the traffic system. melissa: we will see. thank you for coming on. >> of come back if it does not work out that way. [laughter] melissa: okay. you're a brave man. i like that. time to check the fuel gauge report. halliburton says this is setting aside an additional $1 billion to pay private claims from the 2010 deep water...
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Apr 24, 2013
04/13
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sequestration requires the faa to cut $637 million from its budget. yesterday, hundreds of airport workers were forced to stay home because of the cuts. congressional republicans took to twitter to blame the president. house speaker john boehner tweeted under the hashtag obamaflightdelays. congressman eric cantor tweeted "why is president obama unnecessarily delaying your flight?" white house spokesman jay carney told reporters "the faa has no choice under the automatic budget cuts brought about by the congressional republican budget priorities. the gop can eliminate sequestration by approving a debt reduction plan that includes taxes from the wealthy through the closing of loopholes." "these cutbacks, with all the harm that's being caused to the traveling public, there's just no reason that i can see that justifies what's being done here." flight delay information is available at faa.gov. a bill will be introduced in the senate today aimed at banks that are considered too-big-to- fail. the legislation is meant to reduce risk at banks carrying more th
sequestration requires the faa to cut $637 million from its budget. yesterday, hundreds of airport workers were forced to stay home because of the cuts. congressional republicans took to twitter to blame the president. house speaker john boehner tweeted under the hashtag obamaflightdelays. congressman eric cantor tweeted "why is president obama unnecessarily delaying your flight?" white house spokesman jay carney told reporters "the faa has no choice under the automatic budget...
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Apr 23, 2013
04/13
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. >> neil: all i know is the faa is overall budget is higher than a year ago. >> that's right. >> neil: so there's been no huge personnel overall hit and a huge agency you can cut a lot of. >> in our editorial today, we pointed out they just expended $500 million for a program of sustainable cities. don't know what that money is being used for but i bet the american people are saying, don't cut the air traffic controllers, cut that program. there's a lot of flexibility the administration can be use. i think it's a political ploy, and you asked the question, who is going to win? i don't think the american people are going to be too happy with the president because he is furloughing. >> neil: such a pleasurable experience going to the airport. steve moore, thank you very much. one senator is offering the president a way around the furloughs. >> name one suspected terrorist, three public defenders, lots of angry taxpayers. @ >> neil: might not be an enemy combatant about dzhokar tsarnaev will be armed to the teeth. not one, not two, but three public defenders defending them, and the
. >> neil: all i know is the faa is overall budget is higher than a year ago. >> that's right. >> neil: so there's been no huge personnel overall hit and a huge agency you can cut a lot of. >> in our editorial today, we pointed out they just expended $500 million for a program of sustainable cities. don't know what that money is being used for but i bet the american people are saying, don't cut the air traffic controllers, cut that program. there's a lot of flexibility...
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Apr 22, 2013
04/13
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this is not congress sending this to the faa and the faa having a choice. this is a considered move on the part of ray lahood to lead people love to make the system go down. it is the fa doing this intentionally. they want to make sure that we see a situation. if we don't raise taxes we will be in trouble. we don't have to do this. we did not have to leave these people often there is no financial reason for it. let's not make excuses. it is just plain bad management of the way around. gerri: and, of course, it to you. breaking news this afternoon about a lawsuit filed by the industry. the judge in that case did not grant an emergency stay to block furloughs. are you surprised? >> i am a little surprised. obviously a lot of legal opinions that says the faa can actually switch funds around to make this, but i do think it will take but the administration and congress to come together to solve this problem. the faa should delay the cuts that congress should clear up the authority to switch around of funds. it will take both bodies to prioritize this is a proble
this is not congress sending this to the faa and the faa having a choice. this is a considered move on the part of ray lahood to lead people love to make the system go down. it is the fa doing this intentionally. they want to make sure that we see a situation. if we don't raise taxes we will be in trouble. we don't have to do this. we did not have to leave these people often there is no financial reason for it. let's not make excuses. it is just plain bad management of the way around. gerri:...
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Apr 22, 2013
04/13
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for the faa the numbers don't add up. their work load has been decreasing and yet they didn't make the necessary changes to prepare for the sequestration. which they've known since last fall was coming. that's why it's just politics as usual in d.c. >> neil: so these cuts that the white house was referring to that took effect formally yesterday, aren't real? >> the cuts are real all right but the problem for the federal aviation administration is their real work load has been falling or forever a decade, and when they were told they had to do the sequestration last fall, logically you would have prepared and put your work force in place at atlanta and new york, and not at branson, missouri, which averages less than one flight per hour. they didn't do that. they were counting -- i was in washington, dc for almost 15 years. you expect things to work out, expect to never have to cut. but the cuts are here but they don't get it. for next year's budget they asked for 100 more people, and three extra billion dollars for securit
for the faa the numbers don't add up. their work load has been decreasing and yet they didn't make the necessary changes to prepare for the sequestration. which they've known since last fall was coming. that's why it's just politics as usual in d.c. >> neil: so these cuts that the white house was referring to that took effect formally yesterday, aren't real? >> the cuts are real all right but the problem for the federal aviation administration is their real work load has been...
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Apr 24, 2013
04/13
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with respect to the faa contrac@ control towers, what the faa did, they sat down with the department of homeland security and the pentagon with the stake holders to help them prepare for it. did did not happen here with respect to the air traffic control furloughs. it's clear if we're going to learn about the cuts via white house press release, and that is simply unacceptable. we should be managed better. p >> to your point, other agencies have discretion; right? have they not asked -- they probably would have received the same. they spent 500 million on consultants, maybe necessary, but we could have probably found other ways to do this. just go to the cafeteria for the day. >> a 4% cut, talking about, what, 40% of flights delayed. what's more troubling is when the directer was confronted about how about deferring some of these expenditures for long term projects and releasing the funds for immediate or short term needs like making sure that we have aircraft controllers available to help with the immediate issue, he didn't have an answer and didn't respond, and, again, when confront
with respect to the faa contrac@ control towers, what the faa did, they sat down with the department of homeland security and the pentagon with the stake holders to help them prepare for it. did did not happen here with respect to the air traffic control furloughs. it's clear if we're going to learn about the cuts via white house press release, and that is simply unacceptable. we should be managed better. p >> to your point, other agencies have discretion; right? have they not asked --...
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Apr 22, 2013
04/13
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>> i think it's less likely they'll get the faa to change their mind. it's more likely if there's huge public outcry that then you have people in congress who will say, okay, what can we do special in terms of funding so that the faa can reverse this? but i don't think the faa has any plans to change it on its own. >> all right, guys. we have breaking news. we want to -- thank you so much for joining us. get to our breaking news desk. authorities in canada are announcing a thwarted terrorist attack via amtrak between new york and montreal. let's listen to this. >> before we start, i would ask that you please turn off or put on silent mode your cell phones. today's press conference will last approximately 30 minutes. the rcp will be making statements on a national security criminal investigation. integrated national security enforcement teams in montreal and toronto. the statements will be followed by a short question period. >> okay. we want to get you the details of this press conference happening right now in canada. let's get to bertha coombs to give
>> i think it's less likely they'll get the faa to change their mind. it's more likely if there's huge public outcry that then you have people in congress who will say, okay, what can we do special in terms of funding so that the faa can reverse this? but i don't think the faa has any plans to change it on its own. >> all right, guys. we have breaking news. we want to -- thank you so much for joining us. get to our breaking news desk. authorities in canada are announcing a thwarted...
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Apr 24, 2013
04/13
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>> the faa's budget is immense. it's contractors, consultants, it's matter of sitting down and prioritizing and saying what do we need now? what can we put off until later? i mean their budget is huge and to do this on the backs of the controllers on the front line is so incredibly wrong, it feels like you are a character in a remake of "one flew over the cuckoo's nest" sometimes. >> bill: interesting. i'm thinking back to ronald reagan, and here again the air traffic controllers are being beat up in this. >> yeah we're more profile when you see things like that. and it will make the biggest impact. sequestration was supposed to be so bad that there's no way we will go down that road. well, we're here. so let's stop playing political games with the national air space system. >> bill: is there a safety issue, jim? >> i would say that as this goes on, there are absolutely safety concerns in place. we are, again, looking at the closures of those 149 towers come june that will add to the work load of an already stressed
>> the faa's budget is immense. it's contractors, consultants, it's matter of sitting down and prioritizing and saying what do we need now? what can we put off until later? i mean their budget is huge and to do this on the backs of the controllers on the front line is so incredibly wrong, it feels like you are a character in a remake of "one flew over the cuckoo's nest" sometimes. >> bill: interesting. i'm thinking back to ronald reagan, and here again the air traffic...
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Apr 19, 2013
04/13
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of air traffic controllerring told to stay home, control tower closed because of sequestration and faa chief said expect delays if you are flying this weekend. investors and markets try to work through the massive news flow, we watch every move, count down to the closing bell starts right now. liz: good afternoon i am liz claman, we want to get you latest and effort that led to what happening right now in boston bombing investigation. these two brothers now identified as marathon bombing suspects were living in cambridge, they are of chechen decent, under massive pressure after photos revealed yesterday, by fbi, killed an m.i.t. campus officer, then carjacked a mercedes suv overnight, police in hot pursuit chased them to watewatertown, a deafening gunft overnight ensued. shattering a neighborhood, listen to this. [ sound of gunfire ] dogs barking neighbors running people cowering in homes one of suspects 26-year-old tamerlan tsarnaev was killed his brother dzhokhar still on the loose, we'll keep up a split screen or depending on what is happening a big/little. we'll break in with any n
of air traffic controllerring told to stay home, control tower closed because of sequestration and faa chief said expect delays if you are flying this weekend. investors and markets try to work through the massive news flow, we watch every move, count down to the closing bell starts right now. liz: good afternoon i am liz claman, we want to get you latest and effort that led to what happening right now in boston bombing investigation. these two brothers now identified as marathon bombing...
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Apr 23, 2013
04/13
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we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer flights and furloughing workers to make life hard. what's that about? >> these are the priorities of government. and they would be absurd if they weren't just outrageous. they whose -- faa chose to prioritize air safety and passenger service, chose inflict as much political pain as possible on the traveling public. they have the money. as you pointed out. and they have a lot less, what i would say, frivolous spending on conferences, consultants, supplies, that they could be, frankly, prioritizing for -- another thing is, a year-and-a-half. since the sequester law became law to se
we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer...
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Apr 19, 2013
04/13
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boeing came up with a fix, which the faa is now testing. the ordeal has already cost the jet maker $600 million, but more losses could be added on as airlines consider asking boeing for compensation. a quiet town in texas mourns the tragic deaths of more than a dozen people caught in a massive explosion at a fertilizer plant. it's considered the largest industrial disaster this decade. president obama quickly pledged federal emergency funds to the area. rescuers spent hours searching through rubble for survivors. the disaster started with a small fire at west fertilzer plant. according to reports, the company was fined $2,300 by the epa for a saftey violation, but settled in 2006. the german parlaiment is backing a $13-billion bailout for struggling cyprus. it's nearly twice the amount estimated a month ago. german taxpayers worry even more money may be needed. the cyprus parliament votes on the bailout package next week. the german prime minister calls the rescue essential, and says without it there's a "significant risk" of contagion to g
boeing came up with a fix, which the faa is now testing. the ordeal has already cost the jet maker $600 million, but more losses could be added on as airlines consider asking boeing for compensation. a quiet town in texas mourns the tragic deaths of more than a dozen people caught in a massive explosion at a fertilizer plant. it's considered the largest industrial disaster this decade. president obama quickly pledged federal emergency funds to the area. rescuers spent hours searching through...
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Apr 23, 2013
04/13
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yesterday alone the faa said there were more than 400 flight delays nationwide. 47,000 faa workers must take furlough days, including 15,000 air traffic controllers, losing one day of work every other week. that's a 10% reduction in staffing. >> when 70% of your budget of your operating budget is personnel, you cannot avoid when the cuts are as deep as they are in the sequester, the kinds of actions that are taken. >> today the transportation department says it's considering a request from the airline industry to temporarily suspend the delay rule in light of these furloughs. that rule prohibits airlines from keeping passengers on the tarmac for more than three hours. here in the bay area, an average of three air traffic controllers are scheduled to be furloughed in san francisco, oakland and san jose. officials say so far they haven't seen significant delays due to the furloughs here. however, the faa tells us los angeles international experienced delays of more than three hours for some arriving flights last night and that ended up causing delays for three flights from los angeles to
yesterday alone the faa said there were more than 400 flight delays nationwide. 47,000 faa workers must take furlough days, including 15,000 air traffic controllers, losing one day of work every other week. that's a 10% reduction in staffing. >> when 70% of your budget of your operating budget is personnel, you cannot avoid when the cuts are as deep as they are in the sequester, the kinds of actions that are taken. >> today the transportation department says it's considering a...
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Apr 24, 2013
04/13
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lou: the faa says staffing reductions from sequester related furloughs are to blame for the more than 1,000 flight delays yesterday. interestingly, few washington d.c. area airports are experiencing any delays allow. senator ted crews, republican of texas now said he wants the path the citizenship taken off the table for immigration reform. in an interview with cbs a senator crews suggested the reason president obama and the democrats are insisting on a path the citizenship in the gang of a pill is that they know that it will scuttle the effort altogether and that they will be able to campaign on the issue again in 2014 and 2016. our first guest says before we hurry to overhaul our immigration laws we must methodically look at each of the components that need to be fixed to that end, the house judiciary committee will unveil two measures this week aimed at creating a new temporary agricultural guest worker program and a measure that requires all employers to use e-rarefy. joining us now, house judiciary committee chairman, congressman bob good lot of virginia. good to have you with us
lou: the faa says staffing reductions from sequester related furloughs are to blame for the more than 1,000 flight delays yesterday. interestingly, few washington d.c. area airports are experiencing any delays allow. senator ted crews, republican of texas now said he wants the path the citizenship taken off the table for immigration reform. in an interview with cbs a senator crews suggested the reason president obama and the democrats are insisting on a path the citizenship in the gang of a...
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Apr 23, 2013
04/13
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potential suspects and we're told it will be another month before a federal court decides whether the faa can furlough air traffic controllers because of a sequester, they say. causing flight delays around the country the d.c. circuit court of appeals say because they're such an efficient organization they have set a deadline of may 22nd and the main airline industry group to file documents before denying the request of the emergency stay trying to stop the furlough. they did not think that would be inconvenienced to thousands of workers but both parties are urging the administration to postpone or cancel the furloughs claiming cfa a is a tool with which the administration plays politics. the energy department announces its version of taxpayers using $21 million from troubled car maker fisker automotive. the company on the verge of bankruptcy now with $171 million. they spent $660,000, and many of those yours and mine with every $103,000 car it sold. up next to the boston and bombing suspect read miranda rights. what happened to enemy combat and? he has been assigned three public defender
potential suspects and we're told it will be another month before a federal court decides whether the faa can furlough air traffic controllers because of a sequester, they say. causing flight delays around the country the d.c. circuit court of appeals say because they're such an efficient organization they have set a deadline of may 22nd and the main airline industry group to file documents before denying the request of the emergency stay trying to stop the furlough. they did not think that...
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Apr 23, 2013
04/13
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to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher than
to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for...
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Apr 19, 2013
04/13
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faa warns of thousands of flight delays, will you change your travel plans? drivers take the trains instead? log on to facebook.co facebook.com/afterthebell. we'll read your responses later this hour. please don't move. we're right here for you. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it just common sense. from td ameritrade. david: it was down week but up day at least toward the end of the day. s&p futures are closing. head to scott bauer at the pits of the the cme. what does it look like for monday, scott? >> now that volatility settled in, i think we'll have more volatility coming into the market next week. really monday and tuesday, we get existing home sales and new home sales. i think those will be two key economic reports among
faa warns of thousands of flight delays, will you change your travel plans? drivers take the trains instead? log on to facebook.co facebook.com/afterthebell. we'll read your responses later this hour. please don't move. we're right here for you. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on...
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Apr 19, 2013
04/13
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the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline stocks. it has been a great year. hope that doesn't get blown up by all of this. i'm going on vacation on sunday. that is when the furloughs are starting to kick in. i will be reporting angrily from the airport if you see me on monday, i'm not going to be happy. tracy:. tracy: ashley will be back on monday. you know how he gets when he talks about airlines and airline experiences. between the two of you will be good tv. jeff flock. >> thanks, trace. tracy: quarter past the hour. we have to get a check on these markets. as we do, lauren simonetti on the floor the exchange. we're lo
the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline...
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Apr 22, 2013
04/13
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FBC
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faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution -- administration views the sequester as a attempt to score political points rather than address issues and than find real savings in a bloated federal brock bureaucracy. the way they arranged the law, they have few other options. >> the faa unlike other agencies is personnel heavy. in the end you can not avoid, when 70% of your operating budget is personnel you can not avoid when the cuts are deep as they are in the sequester the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across-the-board cuts like this. >
faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution --...
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Apr 24, 2013
04/13
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KRCB
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investors cheered that earnings news and the expectation that the faa will clear the dream liner for passenger flight later this week. boeing gained more than 3% today and is up more than 20% this year. >>> yesterday's fake associated press tweet the one that sent the markets into a temporary tailspin escalated concerns about corporate internet security and how safe all our online accounts really are. today a victory for the good guys. police in australia arrested a man believed to be a high level member of the computer hacking ring called lose security. it's part of the larger group known as anonymous. which has claimed responsibility for cyber attacks on the cia, sony pictures and even public broadcasting service. meanwhile, online brokerage giant charles schwab admitted the website was the target of a seco cyber attack in as many days. denying its clients access to their online accounts for several hours. the problem has been resolved and schwab investors can safely trade again. >>> with so many of those schwab clients using mobile devices to conduct trades. another worry on every
investors cheered that earnings news and the expectation that the faa will clear the dream liner for passenger flight later this week. boeing gained more than 3% today and is up more than 20% this year. >>> yesterday's fake associated press tweet the one that sent the markets into a temporary tailspin escalated concerns about corporate internet security and how safe all our online accounts really are. today a victory for the good guys. police in australia arrested a man believed to be...
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Apr 23, 2013
04/13
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CNBC
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they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition to some security concerns, of course, from the furlough, how this is going to impact airlines and the broader economy is a big issue. southwest estimates the cost could be $200 million a year for that airline. american, of course, a bigger airline saying that it could cost them $650 million a year. carl, a couple of caveats to think about. of course weather could be the biggest reason you see flight delays. we had windy conditions here in new york city. everybody was willing to point the finger at the sequester. the other issue, of course, is the fact that you have different
they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition...
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Apr 22, 2013
04/13
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KTVU
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also today, i did check in with oakland airport, a spokesperson said they have no faa employees being furloughed. so he doesn't expect issues. and at san jose mineta, a spokesperson said they've seen a handful delays because of these budget cuts. live this morning at sfo, alex savidge, ktvu channel 2 news. >> thank you. >>> homicide detectives in oakland are searching for crews after a man was found dead on the sidewalk earlier this morning. the unidentified man was found on 90th avenue near g street. a woman told ktvu news she heard gunshots in the area around 3:00. police have not said how the man died or if there's a lead on suspects. this was oakland's 5 homicide of the year -- 58th homicide of the year. >>> rosemary is back soon with more on the warm weather and the reason a mall in the south bay was evacuated this morning. >>> a gas leak this morning near san jose's valley mall triggered a voluntary evacuation. it's been capped. things are back to normal. around 8:15 a construction crew digging in the area cut through the 1 1 sl. 4 pipe. >>> at this hour, dozens of workers are i
also today, i did check in with oakland airport, a spokesperson said they have no faa employees being furloughed. so he doesn't expect issues. and at san jose mineta, a spokesperson said they've seen a handful delays because of these budget cuts. live this morning at sfo, alex savidge, ktvu channel 2 news. >> thank you. >>> homicide detectives in oakland are searching for crews after a man was found dead on the sidewalk earlier this morning. the unidentified man was found on 90th...
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Apr 24, 2013
04/13
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i would encourage greater cooperation and communication between eight faa and can -- between the faa and congress. i do not know how you come up with a plan that you announce on friday the you are furloughing on sunday. it seems to me there would be much longer lead time to give airlines the greater ability to respond. the circumstance to find ourselves in it is surprising to me. and unnecessary. i would suggest a delayed by a demonstration to give congress -- give demonstration a chance to change their mind and congress a chance to respond. >> [inaudible] do you think the administration [inaudible] >> it is hard to attribute motives to people in the decisions they make. mece ray lahood indicated to that he would like to be helpful, but the administration opposed the amendment. his explanation was that we are only interested in long-term solutions, not short-term solutions. a very unsatisfactory answer when you are dealing with a particular resolution. the entire continuing resolution was how to fund the government from now until september 30 it. no satisfactory explanation for why d
i would encourage greater cooperation and communication between eight faa and can -- between the faa and congress. i do not know how you come up with a plan that you announce on friday the you are furloughing on sunday. it seems to me there would be much longer lead time to give airlines the greater ability to respond. the circumstance to find ourselves in it is surprising to me. and unnecessary. i would suggest a delayed by a demonstration to give congress -- give demonstration a chance to...
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Apr 22, 2013
04/13
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KPIX
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faa officials have declined to comment on e suit. livet sfo, elissa harrington, kpix 5. >> thank you. earlier this month, the faa delayed the closure of control towers at 149 airports until june. >>> checking bay area headlines this morning, richmond police are searching for two gunmen who shot and injured a man on saturday night on griffin drive. police found the victim in his car. they say the man was targeted. witnesses say the suspects got away in a white suv shortly after the shooting. that was around 8 p.m. on saturday. >>> in hayward a young man who was shot has died. the 26-year-old man was shot saturday around 10 p.m. in the driveway of a home on franklin avenue. he was taken to a hospital for emergency treatment but died of his injuries yesterday. so far, police have no suspects. >>> in alameda, a coast guard cutter has returned home greeted by joyous families yesterday. they spent three months in wateuthe california. mbers resc on a sailboat and raided a boat with more than 2 tons of marijuana. >>> he had his birthday off
faa officials have declined to comment on e suit. livet sfo, elissa harrington, kpix 5. >> thank you. earlier this month, the faa delayed the closure of control towers at 149 airports until june. >>> checking bay area headlines this morning, richmond police are searching for two gunmen who shot and injured a man on saturday night on griffin drive. police found the victim in his car. they say the man was targeted. witnesses say the suspects got away in a white suv shortly after...
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Apr 22, 2013
04/13
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>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >> and the question is, if you're waking up this morning, you have a choice of which airport you're going to, he's going to laguardia, maybe, new york or jfk. >> give me some advice. >> what do you do? we're trying to get him into teet teeterboro. mike? >> any airport is going to get gummed up. >> it doesn't matter? >> no. look, your delay out of laguardia means you're going to miss your connection in chicago. so it's a whole system. omaha is going to get hit, lincoln is going to get hit, everybody is going to get hi it. >> but to be fair, we
>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >>...
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Apr 24, 2013
04/13
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we expect to hear from the head of the faa any minute. we'll get the latest reaction when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> newly-released documents show the obama administration has known for years about financial problems at fisker auto mowive in an time -- auto motive in anaheim. the electric carmaker was sent a letter saying they were not meeting the milestones set up as a condition of getting the loan. it took another leer for the federal government to cut -- year for the federal government to cut off their funding. a hearing is being held about the loan to that troubled automaker. >>> the house of representatives will vote today on a republican plan to provide more funding to cover people with preexisting conditions under president obama's healthcare reform. starting next year, the act will ban insurance companies not accepting those with preexisting conditions. the republicans want to divert $4 billion from a prevention program in the healthcare reform plan. but democrats and the white
we expect to hear from the head of the faa any minute. we'll get the latest reaction when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> newly-released documents show the obama administration has known for years about financial problems at fisker auto mowive in an time -- auto motive in anaheim. the electric carmaker was sent a letter saying they were not meeting the milestones set up as a condition of getting the loan. it took another leer for the...
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Apr 22, 2013
04/13
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it is a busier travel day it's monday. 47,000 faa employees will get furloughed as a result of budget cuts. they will lose one day of work every other week. the pilot's union due to the faa will staffect so many people. >> out of those 15,000 were air traffic controllers. perhaps it's a better idea to perhaps maybe drive somewhere because gas prices are going down. >> this is the time of year when they are supposed to go up. let's enjoy it while it lasts. gas prices could fall almost $0.20 by memorial day. it would go down to $3.30 a gallon. inventories are high we have a lot of supply. and the economy is slowing down. consumption is the lowest since 1997. this morning gas prices averaging 3.52 a gallon. last year at this time 3.86. that's a nice little savings. >> some say could go below $3 a gallon? >> rocky mountain region could see 32 -- $2.98. >> road trip. >> finally. it is 11 minutes after the top of the hour. a runner survives the marathon bombing only to return home to texas to witness the fertilizer plant explosion and he's sharing his story. we will have that coming up. >>>
it is a busier travel day it's monday. 47,000 faa employees will get furloughed as a result of budget cuts. they will lose one day of work every other week. the pilot's union due to the faa will staffect so many people. >> out of those 15,000 were air traffic controllers. perhaps it's a better idea to perhaps maybe drive somewhere because gas prices are going down. >> this is the time of year when they are supposed to go up. let's enjoy it while it lasts. gas prices could fall...
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Apr 22, 2013
04/13
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FBC
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there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very well because they can rely on their constituent groups, airlines and airport operators to run to congress in an attempt to put pressure on them to throw more money at the problem. >> so we have about a dozen flight delays here out of national airport, many of them going into new york area airports. it is tough to differentiate whether it is a problem with air traffic control or flying system you will get delays. you can't go into this assuming before sequestration and furloughs there were no delays at any airport. trying to figure out what the exact impact is rather difficult. however the airline industry said is co
there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very...
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Apr 23, 2013
04/13
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in the old days before we were worried about cybersecurity and cyberattacks the faa was considered the air traffic system itself a closed system. nobody could get in and it was pretty much that way. now as we expand the system we have more people introducing things into the system and we modernize the system. for example aircraft are going to become a node on an information system to did do calabro -- collaborative air control. they are working with the pilots and aircraft and aircraft get a picture of what's going on in the system. as we introduce those into the closed loop of flight information management system for example an aircraft, that could be a way to get into the system. that could compromise the system and as we open the airplane up to more people using the internet then that's a possible entry into the system. the gentleman from germany who was at potsdam just showed an android app of how he can take over an aircraft going through the automatic dependent broadcast system which is satellite dazed air traffic control and the flight management system. basic commands, go here
in the old days before we were worried about cybersecurity and cyberattacks the faa was considered the air traffic system itself a closed system. nobody could get in and it was pretty much that way. now as we expand the system we have more people introducing things into the system and we modernize the system. for example aircraft are going to become a node on an information system to did do calabro -- collaborative air control. they are working with the pilots and aircraft and aircraft get a...
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Apr 23, 2013
04/13
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KGO
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the faa says it could cost travelers 90-minute delays on 6,700 flights every day. and early numbers show delays at baltimore, washington, and laguardia spiking four-fold today over last monday. but part of that could be weather-related. but at other airports like philadelphia, not much change. to see for ourselves, we boarded a flight in miami for orlando. so here's the confusing thing. the flights to washington, d.c. all seem to be delayed from miami. but the flight tracker here on the faa website has no delays. >> so 10% fewer air traffic controllers still have the same number of planes in the air at the same time. about 5,000 of them. transportation secretary ray lahood called it a calamity. >> safety will never be compromised. safety is not involved in the decision that we made about who to furlough and when to do it. >> reporter: and it's not just passengers who were frustrated. >> everybody knows they need to keep the system up and running. we're going to do our very best to do so. but somebody's got to figure this out. >> reporter: matt gutman, abc news, bac
the faa says it could cost travelers 90-minute delays on 6,700 flights every day. and early numbers show delays at baltimore, washington, and laguardia spiking four-fold today over last monday. but part of that could be weather-related. but at other airports like philadelphia, not much change. to see for ourselves, we boarded a flight in miami for orlando. so here's the confusing thing. the flights to washington, d.c. all seem to be delayed from miami. but the flight tracker here on the faa...
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Apr 23, 2013
04/13
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CNBC
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the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk. they didn't know their plane would not take off until the doors were closed and we were wheels up in 15 minute, they thought was the maximum and the pilot comes back and says listen, we can't land. they don't have enough people to land us in kennedy. >> thank you for the tweets on that because honestly and we were glad you brought it to our attention. thank you very much. >> our guest host this morning is henry blodget. he has thoughts on there as well. squawk will be right back. ♪ ♪ ♪ ♪ ♪ the new blackberry z10. with time shift and blackberry balance. built to keep you moving. see it in ac
the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk....
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Apr 24, 2013
04/13
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KPIX
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. >> on day three of the faa furlough programs, exas per ated travelers. >> i'm angry. angry, angry. >> reporter: a late flight caused this woman to miss her cruise. >> i have cruise insurance, but they don't cover this, because it's faa business. >> reporter: in the halls of congress, the blame game in full force. >> i am extremely angry that the administration would have this kind of harm. >> the senate considered a balance package, but republicans block thad earlier this year. >> reporter: the faa has not released the number of official delays since tuesday. 1,200 of the 2,600 airline delays on monday were related to staffing issues. >> you have gridlock in congress and that's leading to gridlock in the air and the traveling public is going to pay the price. >> peter goels, former head of the national traptransportation. he said there could be bigger problems down the road. >> there will be some sort of event where we have confluence of weather that will back planes up and people are going to think twice about this and revisit the faa budget. >> reporter: for "cbs th
. >> on day three of the faa furlough programs, exas per ated travelers. >> i'm angry. angry, angry. >> reporter: a late flight caused this woman to miss her cruise. >> i have cruise insurance, but they don't cover this, because it's faa business. >> reporter: in the halls of congress, the blame game in full force. >> i am extremely angry that the administration would have this kind of harm. >> the senate considered a balance package, but republicans...
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Apr 24, 2013
04/13
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if there was a line item at the faa, the faa was still have to because of theat inflexibility of the sequestration law. that shows the sequestration is a bad approach. we to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my call. of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word "balance." just say you're going to raise taxes. say i willy to continue with a balanced approach. i think that is the right approach. 40,000 ,000 of the employees at the faa are air- traffic controllers. most of the employees at the faa are subject to this furlough. that is because of the inflexibility of the sequestration law. host: lewis from maryland. caller: thank you for taking my call. tohought they were going control the air traffic by satellite and the gps system. would this given some time with the changes you have now and the number of air traffic controllers being laid off. could they go to a satellite gps system?
if there was a line item at the faa, the faa was still have to because of theat inflexibility of the sequestration law. that shows the sequestration is a bad approach. we to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my call. of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word "balance." just say...
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Apr 22, 2013
04/13
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CNBC
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we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs. business and leisure travellers we talked to earlier today agree. >> traveling is stressful enough and when you don't know how long it's going to take you to get through the line, you have to add extra time that you wish you didn't have to to get from point a to point b. >> that will impact not only the stockholders, the employees, but also all of our customers. >> now, for the record, the faa will be furloughing 15,000 controllers. they have to take at least one day off every other week from now through the end of september. in our next update on "power lun lunch" we're going to talk to a spokesma
we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs....
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Apr 22, 2013
04/13
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friday, the faa approved boeing's battery fix on its 787s. the jets could be in the air within weeks. meanwhile, boeing is slowing down production of its 747-8 jumbo jets because of weak demand for freighters. it is not expected to have a major effect on the jet maker's finances. dripping oil prices are seeping into the cost of gasoline. a gallon of unleaded fell around a nickel over the past week. phill flynn of price futures group joins us now. good morning to you phil. - good morning! usually you have me on when gas prices are going up and you are complaining. i think i should get some credit now that they are coming down. - how low will they go? - i think we could fall another 25¢ a gallon right now, because, let's face it, the cost of crude has been tumbling. in fact, if you look at the cost of brent crude, which has really been following gasoline prices, we are under $100 a barrel, and even opec may not be able to stop it, though they are talking about calling an emergency meeting. so the outlook for the summer driving season looks cle
friday, the faa approved boeing's battery fix on its 787s. the jets could be in the air within weeks. meanwhile, boeing is slowing down production of its 747-8 jumbo jets because of weak demand for freighters. it is not expected to have a major effect on the jet maker's finances. dripping oil prices are seeping into the cost of gasoline. a gallon of unleaded fell around a nickel over the past week. phill flynn of price futures group joins us now. good morning to you phil. - good morning!...
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Apr 24, 2013
04/13
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if there was a line item at the faa, the faa was still have to cut cut8% of that because of the inflexibility of the sequestration law. that shows the sequestration is a bad approach. we need to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my all. only 1/3 of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word "balance." just say you're going to raise taxes. guest: sorry to say i will continue with a balanced approach. i think that is the right pproach. about 15,000 of the 40,000 employees at the faa are air-traffic controllers. most of the employees at the faa are subject to this urlough. that is because of the inflexibility of the sequestration law. host: lewis from maryland. caller: thank you for taking my all. i thought they were going to control the air traffic by satellite and the gps system. would this given some time with the changes you have now and the number of air traffic controllers being laid off.
if there was a line item at the faa, the faa was still have to cut cut8% of that because of the inflexibility of the sequestration law. that shows the sequestration is a bad approach. we need to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my all. only 1/3 of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word...
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Apr 24, 2013
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the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and there's an argument whether or not the administration has structured these cuts to maximize delays. >> this imperial attitude on the part of the administration and you're the most recent of the imperialism is discussing. >> hardest thing to do is reduce these hours, but in order to hit the target, we need to hit, we don't have any choice. >> there's more than just cuts to the faa, and a short while ago saying there's frustration in the economic effects of the flight delays, but sequestering could cost the country and human kind a cure for aids, parkinson's or cancer referring to cuts in resea
the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and...